8 BEST CHEAP STOCK TO INVEST IN 2023 WITH LESS THAN $10

If you are interested in purchasing stocks, you are aware that the value of a stock is correlated with both the success of the company and the number of shares issued, and that the price of a stock is influenced by the performance of the company. Because of the subsequent element, supplies of a huge and fruitful organization might have a lower cost.

Collecting cheaper stocks has a certain appeal. First, if there are no significant losses, buying a lot with a round number is simpler. Second, there is evidence to suggest that such stocks typically outperform their more costly counterparts.

So, take a look at these fantastic stocks under $10 that you should add to your portfolio!
After more than doubling from its lows in March 2020, the S&P 500 is poised to reach new all-time highs in 2022. At the moment, quality stocks that trade for less than $10 per share are few and far between. Investors might take stock prices at that level as a sign that a company is seriously in trouble.

There are a lot of these cheap stocks with questionable business strategies and gloomy near-term prospects. On the other hand, the analysts at CFRA Research have discovered eight low-cost, high-quality businesses that may offer exceptional value to investors who are careful with their money. Eight stocks under $10 can be purchased in December, according to CFRA.
The best stocks to buy for less than ten dollars:
Kinross Gold Corp. (KGC), Oatly Group AB (OTLY), Pitney Bowes Inc. (PBI), New Oriental Education & Technology Group Inc. (EDU), TAL Education Group (TAL), Telefonica SA (TEF), Telecom Italia SPA (TIIAY), and Tencent Music Entertainment Group (TME) 

1. New Oriental Education & Technology Co., Ltd. (EDU), one of China's leading education conglomerates. Copyrights remain with their respective owners. After the Chinese government announced a crackdown on for-profit after-school tutoring businesses, the stock's value dropped from 52-week highs of more than $20 to less than $3 in 2021. 

Analyst Aaron Ho believes that the current sell-off is an opportunity for long-term investors to purchase New Oriental, even though the regulatory picture for the company remains uncertain in the near future. Ho asserts that New Oriental possesses the necessary financial resources as well as technological capabilities to modify its offerings in order to ensure compliance with regulations and profitability. From $2.20 on December 13, CFRA now rates EDU stock as a “buy” with a $5 price target.

2. Kinross Gold Corp. (KGC) Kinross Gold recently experienced a drop of more than ten percent following the announcement of a $1.42 billion acquisition of Great Bear Resources Ltd. Analyst Matthew Miller believes that Kinross has numerous growth initiatives and a value that is appealing.

The company is currently trading at a significant discount to rivals on the majority of fundamental valuation indicators, such as the price-earnings ratio and enterprise multiple. Miller believes that Kinross' free cash flow will more than double, rising to approximately $1.2 billion in 2022 from $250 million in 2021, and that the stock will outperform as gold prices rise. With a $9.38 price target, CFRA rates KGC stock as a "strong-buy," up from $5.20 on December 13.

3. Oatly Group AB (OTLY) is the largest producer of oat milk in the world. Analyst Arun Sundaram believes that Oatly's pricing is "too appealing to refuse" with the company trading below $9. Over the next ten years, Sundaram anticipates that Oatly will experience a compound annual revenue growth rate of 33%, while Beyond Meat Inc. (BYND) will experience a compound annual revenue growth rate of 26%. Beyond Meat, on the other hand, currently trades at a significantly lower enterprise value-to-sales multiple than Oatly. Lastly, Sundaram asserts that Oatly's immediate production and capacity constraints are temporary. From $8.19 on December 13, CFRA now rates OTLY stock as a “buy” with a $15 price target.

4. Tencent Music Entertainment Group (TME) owns QQ Music, Kugou Music, and WeSing, making it China's largest online music platform. As Chinese regulators tighten restrictions on technology stocks and US regulators threaten to delist Chinese companies that do not adhere to new auditing criteria, Tencent Music shares are anticipated to fall by more than 65% in 2021. Analyst Ahmad Halim says that Tencent Music's margins should grow as a result of advertising revenue, and the stock's fall has given value investors a great opportunity to buy it. CFRA has a “buy” rating on TME stock, which closed at $6.43 on December 13 and has a $9 price target.

5. SPA Telecom Italia (TIIAY)
The largest fixed-line and cellular telecommunications company in Italy, Telecom Italia also has operations in Brazil. Ng claims that Telecom Italia's "Beyond Connectivity" project, which will last until 2023, aims to shift the company's attention away from operational stability and toward growth. The goal is to generate equity-free cash flow, reduce debt, and distribute 20% to 25% of equity-free cash flow as dividends to shareholders. Ng claims that the American private equity firm KKR & Co. Inc. (KKR) may also increase its previous $12 billion takeover proposal for Telecom Italia. With a $5.70 price target, CFRA rates TIIA.Y stock as a “buy,” up from $5.04 on December 13.

6. TAL Education Group (TAL). Another Chinese education company that has been targeted by the government is of the opinion that TAL's financial strength should enable it to adapt to shifting regulatory environments while remaining profitable, despite the fact that the stock is down more than 90% in 2021. Ho anticipates a continued strong demand for after-school tutoring services despite government supply constraints. 

Ho anticipates that the government will strictly enforce the new limits, but he is confident that sector leaders will survive the storm eventually. In fiscal 2023, he anticipates that TAL's revenue growth will resume. From $4.65 on December 13, CFRA now rates TAL stock as a “buy” with a $10 price target.

7. Pitney Bowes Inc. (PBI) is a specialist in mailroom automation as well as a provider of additional services related to facilities management. Analyst John Freeman says that Pitney has reached a tipping point in its efforts to help businesses bridge the gap between software-based ecosystems and physical goods shipping services. The company's strong third-quarter earnings report included revenue growth of 11% year over year. In 2022, CFRA anticipates a 44.7 percent rise in profits per share. Pitney Bowes, according to Freeman, has a significant price upside, but investors who are more tolerant of risk would be best suited for the company. With a $14 price target, CFRA rates PBI stock as a "strong-buy," up from $6.41 on December 13.

8. Spain's largest telecommunications company is Telecom Italia SPA (TIIAY), which is owned by Telefonica. Analyst Adrian Ng says that Telefonica has done a lot of good things with its money, like getting rid of debt, buying E-Plus in Germany and GVT Holdings in Brazil, and leaving the Central American market. In the third quarter, Telefonica expanded its 5G network in Germany to more than 100 towns after purchasing 700 megahertz of wireless spectrum in Spain. Ng claims that as the business refocuses on more stable areas, these actions should assist in the discovery of value. Additionally, Telefonica pays a sizable dividend of 10.6%. CFRA has given TEF stock a "buy" rating and a $5.50 price target, with the stock closing at $4.15 on December 13.